NIDAN : Pills to recovery fastNidan Labs and Health Ltd
Analysis:
Wave Structure: ABC correction appears complete, with Wave C bouncing off a demand zone.
Buying Zone: Current prices (around 28.65 INR) are within the correction completion zone.
Target Zone: Highlighted at 37-38 INR.
Stop Loss: Identified at 27.11 INR, just below the demand zone.
Trading Plan:
Action: Enter a buy position at current levels (around 28.65 INR) or on dips toward 28 INR.
Stop Loss: Place at 27.11 INR.
Targets:
First Target: 37 INR.
Final Target: 38 INR.
Reasoning:
Strong demand zone provides support, and liquidity signals institutional accumulation.
Target levels coincide with prior resistance, making them probable retracement points.
